FintechDaily – Page 398 – Fresh Dose of Fintech News

BuildMyCreditScore Users Experience Dramatic Credit Score Increases in Just Months

UK open banking startup BuildMyCreditScore reports that users have experienced an average increase of 52 points in their credit scores within the first three months....

Key AI Innovations Shaping Fintech Development Through 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School, presented research on the...

Martin Lewis Dominates NatWest’s Celebrity Scam Super League

UK Money Saving Expert Martin Lewis heads the NatWest Celebrity Scam Super League, which ranks the most significant cases involving the unauthorized use of a...

British Business Bank to Allocate £660 Million for Startups

The British Business Bank has introduced the Northern Powerhouse Investment Fund II, offering a £660 million fund aimed at supporting small businesses in the North...

Wise Claims High Street Banks Charge Hidden Exchange Rate Fees

For GBP to EUR exchanges, Wise reports that HSBC charges the highest fee at 3.7%, followed closely by Lloyds at 3.6%, Barclays at 2.75%, and...

Apple Agrees to Open NFC Payment Access to Resolve EU Antitrust Investigation

Apple is actively working to address antitrust charges from the European Commission by granting third-party providers access to the NFC chip technology, which enables iPhone...

Rakuten Plans to Consolidate Financial Technology Divisions

Japanese financial services conglomerate Rakuten Group has announced plans to consolidate its various fintech divisions into a single unit. Rakuten Group and Rakuten Bank have...

Bank Mismanagement of Climate Risks Poses Extinction Threat

The European Central Bank (ECB) has highlighted the serious transition risks that banks face if they do not prepare for a low-carbon economy. In a...

Mastercard Launches Pilot for Advanced ID Verification Service in Europe

Mastercard is set to launch a pilot program for a new service that allows issuers to verify detailed personal information about cardholders, reducing the need...

BaFin Intensifies Attention on Risks Associated with IT Outsourcing

Cybersecurity and the outsourcing of IT services are identified as major risks to the financial sector in a recent report from German regulator BaFin. The...